Definitions for Economics
ˌɛk əˈnɒm ɪks, ˌi kə-eco·nom·ics
Here are all the possible meanings and translations of the word Economics.
economics, economic science, political economynoun
the branch of social science that deals with the production and distribution and consumption of goods and services and their management
Political economy; the science of the utilities or the useful application of wealth or material resources; the study of the production, distribution, and consumption of goods and services of a nation or region, and its effect on the wealth of a country. See Political economy, under Political.
The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.
Etymology: From economy, from oeconomia, from οἰκονομία, from οἶκος + νόμος.
Economics () is the social science that studies the production, distribution, and consumption of goods and services.Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.Economic analysis can be applied throughout society, including business, finance, cybersecurity, health care, engineering and government. It is also applied to such diverse subjects as crime, education, the family, feminism, law, philosophy, politics, religion, social institutions, war, science, and the environment.
the science of household affairs, or of domestic management
political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political
Etymology: [Gr. ta` o'ikonomika`, equiv. to "h o'ikonomi`a. See Economic.]
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία from οἶκος + νόμος, hence "rules of the house". Political economy was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" that also avoided a narrow political-interest connotation and as similar in form to "mathematics", "ethics", and so forth. A focus of the subject is how economic agents behave or interact and how economies work. Consistent with this, a primary textbook distinction is between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents and markets, and their interactions. Macroeconomics analyzes the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy. Other broad distinctions include those between positive economics and normative economics; between economic theory and applied economics; between rational and behavioral economics; and between mainstream economics and heterodox economics.
The Roycroft Dictionary
The science of the production, distribution and use of wealth, best understood by college professors on half-rations.
U.S. National Library of Medicine
The science of utilization, distribution, and consumption of services and materials.
The act, process and science of creating, managing, stimulating and generating an economy.
Economics is simple when we look at it in a simple manner.
Submitted by MaryC on March 7, 2020
British National Corpus
Spoken Corpus Frequency
Rank popularity for the word 'Economics' in Spoken Corpus Frequency: #3354
Rank popularity for the word 'Economics' in Nouns Frequency: #1427
The numerical value of Economics in Chaldean Numerology is: 2
The numerical value of Economics in Pythagorean Numerology is: 6
All of that may be fantasy to the ruling class and the big money interests in this country. I don't think that's fantasy to the working people in this country who have worked longer hours for lower wages, who are tired of establishment politics and establishment economics, every proposal that we have brought forward, we've paid for ... Maybe the drug companies don't like it and the insurance companies don't like it. I think the American people do like it.
In religious traditions, the love of money is the root of all evil. In economics, scarcity is the root of all evil.
In the U.S. you’d really have to care a lot about renewable energy…you’d have to care about it more than the economics in order to do the daily cycler thing.
It is kind of inconsistent on their part. On the other hand, presidents have always been given much, much greater leeway to use their power in international economics and in defense and security issues, it's not surprising that the issues break like this.
We need to increase public understanding of the need for MCMs such as a pan-influenza or pan-coronavirus vaccine. A key driver is the media, and the economics follow the hype. We need to use that hype to our advantage to get to the real issues. Investors will respond if they see profit at the end of process.
Popularity rank by frequency of use
Translations for Economics
From our Multilingual Translation Dictionary
- علم الاقتصاد, اقتصادArabic
- economiaCatalan, Valencian
- Wirtschaftswissenschaft, ÖkonomieGerman
- economía, ciencias económicasSpanish
- ekonomia, kansantaloustiede, taloustiedeFinnish
- ekonomyWestern Frisian
- ilmu ekonomiIndonesian
- សេដ្ឋសាស្ត្រ, សេដ្ឋវិទ្យាKhmer
- 경제학, 經濟學Korean
- EconomieLuxembourgish, Letzeburgesch
- EconomieLimburgish, Limburgan, Limburger
- naʼiiniʼ naalkaahNavajo, Navaho
- ekonomika, ekonomiaPolish
- اقتصادPashto, Pushto
- економија, ekonomijaSerbo-Croatian
- ఆర్థిక, ఆర్థిక శాస్త్రముTelugu
- ئىقتىسادشۇناسلىقUyghur, Uighur
- kinh tế học, 經濟學Vietnamese
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"Economics." Definitions.net. STANDS4 LLC, 2023. Web. 8 Feb. 2023. <https://www.definitions.net/definition/Economics>.